Reported 9 months ago
According to the National Association of Realtors, May pending home sales declined by 2.1% compared to an anticipated 0.5% increase. This decrease is seen as a leading indicator of existing home sales, impacting the sector's future prospects. Regional variations such as a 1.1% rise in Northeast sales highlight the instability in the housing market. Despite the effect on inflation targets, the Federal Reserve's interest rate decisions remain uncertain.
Source: YAHOO